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Finance for Non-finance Professionals - Award Winning Learning Platform


Skillsology

Summary

Price
£49 inc VAT
Study method
Online
Duration
15 hours · Self-paced
Qualification
No formal qualification
CPD
9 CPD hours / points

Overview

Knowing financials, especially in terms of meeting financial objectives, is arguably one of the most important skills in business.

Whether you are managing a team, working your way up in any business-related industry, or simply trying to improve your business skills and resume, understanding finance is vital to success. However, without a formal financial background – and therefore a limited understanding of the techniques and vocabulary – you can be at a severe disadvantage to other employees, managers or candidates that do.

This course provides a fluent and invaluable understanding of fundamental financial theory. It aims to equip all professionals with the techniques, terminology and financial skills required in business.

CPD

9 CPD hours / points
Accredited by The CPD Certification Service

Description

Combining written material, videos, screenshots and exercises this course will teach users:

  • How to understand and use key financial statements: Profit and Loss Statements, Balance Sheets and Cash Flow Forecasts
  • Budgeting and forecasting techniques to improve planning, control, and decision-making
  • How to use key performance indicators (KPIs) effectively
  • How to apply important investment-appraisal techniques
  • How to develop a business plan

Finance for Non-Finance Professionals Syllabus:

Section 1: Introduction

Unit 1.1 - Financial Information and Decision-making

Section 2: Using Financial Information for Business Planning and Control

Unit 2.1 - Management Accounts

Unit 2.2 - Costs / Using Costs in Business Decisions

Unit 2.3 - Using Budgets

Unit 2.4 - Control using variance analysis

Unit 2.5 - Section Plenary

Section 3: Key Performance Indicators (KPIs)

Unit 3.1 - The usefulness of Business KPIs

Unit 3.2 - How to choose KPIs

Unit 3.3 - How to use KPIs

Unit 3.4 - KPIs in Practice

Unit 3.5 - Section Plenary

Section 4: Project Investment Appraisal

Unit 4.1 - Project Investment Appraisal

Unit 4.2 - Appraisal Methods and Risk

Unit 4.3 - Appraisal Methods and Inflation

Unit 4.4 - Comparing Appraisal Methods

Unit 4.5 - Section Plenary

Section 5: Building Your Business Case (Portfolio)

Unit 5.1 - Building a Business Case

Unit 5.2 - Identifying your Resources

Unit 5.3 - Sales, Production and Pricing

Unit 5.4 - Financial Planning for Your Business Case

Unit 5.5 - Section & Course Plenary

Who is this course for?

Anyone wanting to improve their business skills with a fundamental understanding of financial theory

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FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.